Stuart Olson (TSE:SOX) Given New C$3.25 Price Target at Canaccord Genuity

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Stuart Olson (TSE:SOX) had its target price cut by Canaccord Genuity from C$4.50 to C$3.25 in a research report released on Monday, BayStreet.CA reports.

A number of other analysts have also commented on the stock. CIBC lowered their target price on shares of Stuart Olson from C$5.00 to C$4.00 in a report on Tuesday, July 16th. Raymond James lowered their target price on shares of Stuart Olson from C$5.00 to C$3.50 and set a market perform rating for the company in a report on Friday, August 9th. Finally, National Bank Financial lowered their target price on shares of Stuart Olson from C$3.50 to C$3.00 and set an underperform rating for the company in a report on Friday, August 9th.

SOX stock opened at C$2.80 on Monday. The company has a quick ratio of 0.95, a current ratio of 0.97 and a debt-to-equity ratio of 95.57. The stock has a 50 day moving average of C$3.41. Stuart Olson has a fifty-two week low of C$2.80 and a fifty-two week high of C$6.78. The company has a market cap of $96.86 million and a PE ratio of -34.57.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 8.57%. The ex-dividend date is Friday, September 27th. Stuart Olson’s dividend payout ratio is presently -518.52%.

About Stuart Olson

Stuart Olson Inc provides general contracting and electrical building systems contracting to the institutional and commercial construction markets in Canada. The company's Buildings Group segment provides general contracting services, including integrated project delivery, construction management, and design-build services for schools, hospitals, and high-rise buildings; and provision of management, estimating, accounting, site management, field workers, and equipment in order to complete projects.

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